Texas TRS Commits $665M to Alternatives

The Teacher Retirement System of Texas has disclosed up to $665 million in alternative investments made in the month of August, as shared in an email from the Retirement System.

$65 million was committed to Greenbelt Capital Partners TRP. Greenbelt was launched in January 2022 and is led by Chris Manning, who is one of the Managing Partners of Trilantic North America. They aim to focus on opportunities beyond traditional energy, including industrial and residential solar, battery storage, electric vehicles, and energy software.

Within private equity, $400 million was committed to buyout fund Apollo Investment Fund X. The buyout fund is managed by Apollo Global management. $200 million was committed to The Eighth Cinven Fund, a buyout fund managed by international private equity firm, Cinven. Lastly, $20 million was allocated to venture capital fund, CoinFund Venture I Onshore, managed by CoinFund. As of December 31, 2021, private equity represented 16.8% of the total portfolio. The private equity interim target allocation is 17.2%

For more public pension insights and a comprehensive library of public plan minutes, we would love to offer you a free trial of Dakota Marketplace!